- Jack Dorsey warns that Bitcoin could become irrelevant if it’s only used as a store of value.
- He urges a return to its original purpose as peer-to-peer digital cash for everyday payments.
Twitter co-founder and Block Inc. CEO Jack Dorsey is once again shaking up the crypto conversation. In a recent appearance on the Presidio Bitcoin podcast, Dorsey issued a bold warning: if Bitcoin continues to be treated solely as a store of value—akin to “digital gold”—it risks fading into irrelevance.
Dorsey emphasized that Bitcoin’s true promise lies not just in hoarding it, but in using it. “It has to be payments for it to be relevant in the everyday,” he said. “Otherwise, it’s just something you kind of buy and forget… That’s failure to me.”
Also read: Bitcoin’s Quantum Crossroads: Developer Proposes Hard Fork to Shield BTC from Future Threats
His remarks challenge a dominant narrative that has gripped the crypto community for years: that Bitcoin’s best use case is as a hedge against inflation and market turmoil. Instead, Dorsey is calling for a pivot back to Satoshi Nakamoto’s original vision of Bitcoin as a peer-to-peer digital cash system—fast, secure, and accessible to all.
“There’s tons of stuff we need to do to really get back to the white paper,” Dorsey added, urging developers and innovators to prioritize utility over speculation.
This perspective arrives at a pivotal time. While Bitcoin is experiencing a fresh wave of institutional interest—76 new entities holding over 1,000 BTC have entered the space in just two months—the price remains volatile. At the time of writing, BTC is trading at $76,771, down 7.5% amid broader market turbulence.
Dorsey’s comments could reignite an old but vital debate: Is Bitcoin primarily a store of value, a medium of exchange, or both? For Dorsey, the answer is clear—Bitcoin must be used, not just saved.
As the crypto ecosystem matures, this push for real-world use cases might be exactly what Bitcoin needs to avoid becoming a relic of its own hype.